The Arkansas Department of Finance and Administration said Tuesday that the state's net available revenue in January totaled $483.6 million. That's $32.5 million below last year and $7.4 million above forecast.

The state's revenue for the fiscal year that began July 1 is above forecast by $39.6 million. The figures were boosted by individual income tax refunds being below forecast because of a delayed start to the income-tax filing season.

The department said it expects refunds to catch up with projections later this year. Sales-tax collections totaled $178.6 million, which was $300,000 above last year but $7.4 million below forecast.